
FIXED ASSETS
What is a Fixed Asset? - Gain an understanding of what constitutes a Fixed Asset, and how adding Fixed Assets to your business impacts your financial position and profitability.
Depreciation - Learn how Depreciation is computed on different assets, and how Depreciation taken impacts your profitability and the gain or loss when an asset is sold.
Purchase vs Lease - Get a primer on the differences between purchasing and leasing fixed assets, and when each acquisition method may be more beneficial.
Reports & Recordkeeping - Learn which reports management should review regularly, and the documentation needed for Fixed Assets.
Included in this session to help you develop a solid understanding of Fixed Assets:
what a Fixed Asset is
where Fixed Assets show up on your Financial Statements
what Depreciation is and how it is computed
an example of how the sale of a Fixed Asset is computed for Financial Statements versus tax returns
the information needed to determine if you should purchase or lease the item
suggestions for records to keep regarding Fixed Assets purchased
ALL CONTENT IS PURELY FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT INVOLVE PERSONALIZED ADVICE OR SERVICES.
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